{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WRAP Congress debates bailout deal ADDS update on debate' data-url='/boclips/videos/5c54c0b3d8eafeecae14cb8d' data-video-url='/boclips/videos/5c54c0b3d8eafeecae14cb8d' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWRAP Congress debates bailout deal ADDS update on debate\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of acting speaker, New York congressman Michael McNulty entering congress 2. McNulty hammers gavel 3. SOUNDBITE (English) Barney Frank, Financial Services Committee chairman (Democrat - Massachusetts):\"Today is the decision day....\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of acting speaker, New York congressman Michael McNulty entering congress \u003cbr/\u003e2. McNulty hammers gavel \u003cbr/\u003e3. SOUNDBITE (English) Barney Frank, Financial Services Committee chairman (Democrat - Massachusetts):\u003cbr/\u003e\"Today is the decision day. I wish it weren't the case but I am convinced if we defeat this bill today, it will be a very bad day for the financial sector of the American economy and the people who will feel the pain are not the top bankers and the top corporate executives but average Americans. They don't see it yet and pain averted is not a basis on which you get a lot of gratitude.\"\u003cbr/\u003e4. Wide shot House of Representatives floor \u003cbr/\u003e5. SOUNDBITE (English) Adam Putnam, House Representative (Republican - Florida):\u003cbr/\u003e\"Someone who is willing to support this bill because it is so important to the seniors, the savers, the merchants and the farmers who need to understand that the confidence will be there in their banking system, that they don't have to withdraw their funds and stick them under the mattress, that our country's free market system is still the greatest in the world and that this intervention will allow those credit markets to unlock and we will be able to unwind and de-leverage this marketplace and move forward together. So, I compliment my chairman (Barney Frank), I compliment our Republican negotiators, Mr. Blunt (Minority Whip) and Mr. Cantor (R. Virginia) and I urge my colleagues to support this bill.\"\u003cbr/\u003e6. Wide shot of House Representative Jeb Hensarling (Republican - Texas) speaking\u003cbr/\u003e7. SOUNDBITE (English) Jeb Hensarling, House Representative (Republican - Texas):\u003cbr/\u003e\"This is clearly a better bill, madame speaker, than it was a week ago. But that's not the relevant test; the relevant test is when you look at the good in the bill, when you look at the bad in the bill, does it take America in a direction that you believe America should go. By that test, madame speaker, I will vote no on this legislation.\"\u003cbr/\u003e8. Wide shot Congressman Brad Sherman (Democrat - California) speaking\u003cbr/\u003e9. SOUNDBITE (English) Brad Sherman, House Representative (Democrat - California):\u003cbr/\u003e\"Just because this bill is unpopular doesn't mean we have to pass it immediately. Some 400 eminent economists, including three Nobel laureates are asking us to come back and do our job and write a good bill in the next week or so. They state, and their chart is here, you might want to read along: 'We ask Congress not to rush, to hold appropriate hearings and to carefully consider the right course of action.'  400 economists, three Nobel laureates.\"\u003cbr/\u003e10. Wide shot of House floor\u003cbr/\u003eUS lawmakers debated the administration's Wall Street bail out package on Monday, with a final vote expected midday or early afternoon.\u003cbr/\u003eEarlier in the day, President George W. Bush said the 700 (b) billion bailout plan was needed \"to keep the crisis in our financial system from spreading throughout our economy.\"\u003cbr/\u003eOne of the architects of the bill, Congressman Barney Franks, a Democrat from Massachusetts, said it was \"decision day\", adding that a defeat of the bill would be \"very bad\" for the financial sector and the American people.\u003cbr/\u003eRepublican Congressman, Adam Putnam, said the bill was very different from the one originally sought by Bush and Treasury Secretary Henry Paulson and he urged his colleagues to support the measure.\u003cbr/\u003eBut opposition to the bill remained on both sides of the aisle.\u003cbr/\u003eRepublican congressman, Jeb Hensarling, said that while the bill was better than it was a week ago, he believed it would take America in the wrong direction.\u003cbr/\u003eCongressman Brad Sherman, a democrat from California, cited a report from 400 economists and three Nobel laureates as he argued for more time 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